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Norfolk Family Dollar store sold for $2.47M
A Family Dollar store in Norfolk has been sold for $2.47 million, Cushman & Wakefield | Thalhimer announced this week. The building at 2328 E. Princess Anne Road was sold on April 30 by Twin Rivers Capital to 527 Kings Hwy LLC, with sale negotiations handled by Catharine Spangler with Thalhimer’s Capital Markets Group [...]
Técnico Corp. buys Newport News building for $3M
An industrial building in Newport News’ Oyster Point Park was sold for $3.125 million, Cushman & Wakefield | Thalhimer announced this week. Técnico Corp. purchased the 53,414-square-foot building on 3.93 acres from Beja LLC and will occupy the property at 806 Bluecrab Road. Clay Culbreth of Thalhimer handled the sale [...]
Business bank opens in Virginia Beach
Integrity Bank for Business opened for business May 3 in Virginia Beach, led by former Heritage Bank President and CEO Michael S. Ives. The first new community bank established in Hampton Roads since 1998, it received regulatory approval last month. In January it announced that it raised more than $20 million in stock purchase c[...]
Dominion’s Surry nuclear plant’s lifespan extended to 2052-53
Dominion Energy Inc.’s two Surry County nuclear power reactors have received approval from the Nuclear Regulatory Commission to operate until 2052 and 2053. The two nuclear reactors at Dominion’s Surry Power Station, which are capable of generating enough power for 419,000 homes, received a 20-year extension from its previous license, which allowed the plants to […]
Valve manufacturer announces $1.9M expansion in Norfolk
Norfolk-based Dante Valve Co. will expand its operations with a $1.9 million investment, Virginia Gov. Ralph Northam announced today. The family-owned business, which marked its 60th anniversary last year, is an international manufacturer and distributor of pressure-relief valves and related products — primarily for submarines, aircraft carriers and other naval vessels. The U.S. Navy is […][...]
Realtors society elects Dawn Griggs as mid-Atlantic regional director
Dawn Griggs, a first vice president with Cushman & Wakefield | Thalhimer, has been elected as a regional director for the Society of Industrial and Office Realtors (SIOR), the commercial real estate company announced today. Griggs will oversee the Mid-Atlantic Region of the 3,460-member brokerage association in a two-year te[...]
Authority of the port
In January, Stephen Edwards became the new CEO and executive director of the Virginia Port Authority, which oversees the Port of Virginia. The former CEO of Los Angeles-based TraPac, which operates container terminals in California and Florida, Edwards succeeds John Reinhart, who retired after seven years at the authority’s he[...]
Cavalier Resort takes shape in Virginia Beach
In 1975, Bruce Thompson was the night watchman and grass cutter at Virginia Beach’s Cavalier Hotel. Today, he’s transforming the hotel and its 21 surrounding acres into a major mid-Atlantic resort. Built in 1927, the Cavalier at various times hosted luminaries like F. Scott Fitzgerald, Muhammad Ali and every president from H[...]
History in the making
Cliff Fleet took the helm of the Colonial Williamsburg Foundation in January 2020 with a mandate to curb declining attendance and revenue at the nation’s largest outdoor living museum while maintaining its relevance to diverse 21st-century audiences. It was a tall order and one that became even more challenging two months late[...]
Hampton Roads multifamily portfolio sells for undisclosed amount
In early April, New Jersey-based Brentwood Investment Group and Greencove Capital Group closed a deal to acquire a multifamily portfolio that includes 856-units for an undisclosed amount. The deal included five garden-style multifamily communities in Hampton and one property in Poquoson. Built between 1970 and 1985, the properties have an average unit size of 921 […]
New president and CEO of Towne Financial Services Group named
Brian K. Skinner has been named president and CEO of Towne Financial Services Group, which includes all financial divisions of Suffolk-based TowneBank other than the bank itself. Skinner, currently the company’s chief banking officer, starts his new role effective May 1, TowneBank announced Thursday. His new duties include[...]
Sentara Healthcare named one of top 5 U.S. large health systems
Norfolk-based Sentara Healthcare was named one of the top five large U.S. health systems in an annual ranking by Fortune and IBM Watson Health released Tuesday. Sentara landed in fifth place, receiving five stars for clinical outcomes and operation efficiency and three stars for patient experience. This is the second year Sentar[...]
